Wix.com Q3 EPS $1.10 Beats $0.67 Estimate, Sales $393.84M Beat $389.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wix.com reported Q3 earnings of $1.10 per share, beating the analyst consensus estimate of $0.67 by 64.18%. This is a 1733.33% increase from the same period last year. The company also reported quarterly sales of $393.84 million, beating the estimate of $389.83 million by 1.03%, a 13.89% increase from last year.
November 09, 2023 | 7:24 am
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POSITIVE IMPACT
Wix.com's Q3 earnings and sales beat estimates, showing significant YoY growth. This could positively impact the company's stock in the short term.
Wix.com's Q3 earnings and sales exceeded analyst estimates, which is typically a positive signal to investors and can lead to an increase in the stock price. The significant YoY growth in earnings and sales further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100